Flashtract Review - why 4.9 stars?

Shlomi Lavi / updated: May 23, 2023

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What is Flashtract?

Flashtract is a cutting-edge cloud-based construction management software designed to streamline the billing and payment processes for contractors and subcontractors in the construction industry. This platform has revolutionized the traditional methods of managing construction projects and has quickly become a go-to solution for construction professionals.

Flashtract is specifically designed for contractors and subcontractors who want to simplify their billing and payment processes, eliminate paperwork, and improve the speed and accuracy of their financial transactions. This software is an excellent tool for anyone who wants to save time and money while improving their overall productivity and efficiency.

One of the most outstanding features of Flashtract is its ability to automate the billing and payment processes, from creating invoices to receiving payments. This platform allows users to create and customize invoices quickly, track project progress, and receive payments directly into their bank accounts. This automation saves a lot of time and eliminates the need for manual data entry and paperwork.

Another feature that sets Flashtract apart is its ability to generate reports and analytics to help users understand their financial data better. This platform provides real-time data that can be used to make informed decisions, track project profitability, and monitor cash flow. This feature is crucial for contractors and subcontractors who want to stay on top of their finances and ensure their projects are profitable.

Flashtract also has a user-friendly interface that is easy to navigate, making it accessible to users with different levels of experience in construction management software. The platform is compatible with multiple devices, including desktops, tablets, and mobile phones, making it convenient for users to manage their projects on-the-go.

Flashtract was established in 2019 in Atlanta, Georgia, and has quickly grown to become a leading construction management software in the United States. The company has a team of dedicated professionals who are passionate about improving the construction industry and helping contractors and subcontractors streamline their processes.

As of 2023, Flashtract has over 50 employees and has expanded its operations to several states, including Texas, Florida, and California. The company continues to grow, innovate and improve its platform to meet the changing needs of the construction industry.

In conclusion, Flashtract is an excellent solution for contractors and subcontractors who want to simplify their billing and payment processes, save time and money, and improve their overall productivity and efficiency. With its automation, real-time reporting, user-friendly interface, and excellent customer support, Flashtract has quickly become a must-have tool for anyone in the construction industry. Whether you are a small contractor or a large subcontractor, Flashtract is the ideal solution for all your construction management needs.

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Who is it best for?

Flashtract serves customers in the construction industry, specifically contractors and subcontractors who are looking for an efficient, automated billing and payment platform. This includes a wide range of industries, such as commercial construction, residential construction, and industrial construction.

Here are five examples of companies that use Flashtract:

1. Turner Construction Company - Turner is one of the largest construction management companies in the United States and has been using Flashtract to streamline their billing and payment processes across various projects.

2. Brasfield & Gorrie - Brasfield & Gorrie is a leading contractor in the Southeastern United States and has implemented Flashtract to automate their payment workflows and improve project efficiency.

3. Hoar Construction - Hoar Construction is a national contractor specializing in commercial and industrial construction. They use Flashtract to simplify their billing processes and improve payment accuracy.

4. McShane Construction - McShane Construction is a Chicago-based commercial construction firm that has implemented Flashtract to speed up their payment processes and reduce administrative tasks.

5. The Beck Group - The Beck Group is a construction and architecture firm that has been using Flashtract to streamline their payment processes and improve their overall financial management.

Overall, Flashtract has a diverse customer base that includes companies of all sizes and industries within the construction sector. These companies have chosen Flashtract for its efficiency, accuracy, and ease of use, allowing them to focus on their core business and increase profitability.

Main features and functionalities

If you are a contractor or subcontractor in the construction industry, Flashtract can help your business in several ways:

1. Automated Billing and Payment Processes: Flashtract can automate your billing and payment processes, allowing you to create and send invoices quickly, track payments, and receive payments directly into your bank account. This automation saves time and eliminates the need for manual data entry, reducing errors and improving accuracy.

2. Real-Time Reporting and Analytics: Flashtract provides real-time reporting and analytics, giving you insights into your project finances and profitability. This feature helps you make informed decisions, track project progress, and monitor cash flow, improving your overall financial management.

3. Streamlined Communication: Flashtract provides a centralized platform for communication between contractors and subcontractors, reducing the need for multiple phone calls and emails. This feature helps you keep track of project changes, reducing miscommunication and improving collaboration.

4. User-Friendly Interface: Flashtract has a user-friendly interface that is easy to navigate, making it accessible to users with different levels of experience in construction management software. The platform is also compatible with multiple devices, including desktops, tablets, and mobile phones, making it convenient for users to manage their projects on-the-go.

5. Improved Efficiency and Productivity: By automating your billing and payment processes, reducing administrative tasks, and improving collaboration, Flashtract can help you improve your overall efficiency and productivity, allowing you to focus on your core business and increase profitability.

Overall, Flashtract can help your business save time, reduce errors, improve financial management, and increase productivity, making it an essential tool for contractors and subcontractors in the construction industry.

What is the actual cost?

ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Flashtract. You can also find here pricing information from Flashtract's website.

Pros

• Targeted to Contractors and Subcontractors: Unlike many of its competitors, Flashtract is specifically designed to meet the needs of contractors and subcontractors in the construction industry. This focus means that Flashtract provides features and functionality that are tailored to the unique requirements of these businesses, making it a more effective solution for this customer segment.
• Automated Billing and Payment Processing: Flashtracts automated billing and payment processing functionality is a significant advantage compared to many of its competitors. This feature streamlines the invoicing and payment process, reducing administrative tasks and errors while improving accuracy and cash flow management.
• Real-Time Reporting and Analytics: Flashtracts real-time reporting and analytics tools provide contractors and subcontractors with detailed financial insights that are critical to their business success. This feature enables users to track project progress, monitor cash flow, and make informed decisions based on up-to-date financial data. By contrast, many of Flashtracts competitors do not offer this level of financial reporting and analytics functionality.

Cons

• Limited Scope of Features: While Flashtract provides robust functionality for automated billing and payment processing, real-time reporting, and communication tools, it may not provide the same breadth of features as some of its competitors. For example, some larger construction management software solutions like Procore or Sage 100 Contractor may offer more extensive project management or resource management capabilities.
• Limited Integrations: Flashtract may have limited integration capabilities compared to some of its competitors, which could be a disadvantage for businesses that rely on multiple software solutions. While Flashtract does integrate with some popular accounting software solutions, it may not offer as many integrations with other software tools as some of its competitors.
• Limited Customer Support: Flashtract may have more limited customer support options compared to some of its competitors. While Flashtract offers email and phone support during regular business hours, it may not offer 24/7 support or live chat options like some of its competitors.

How it stacks up?

Access a head to head analysis of Flashtract vs alternative software solutions.

Frequently Asked Questions (FAQs)